A bill to amend title 38, United States Code, to increase the maximum amount of home loan guaranty available under the home loan guaranty program of the Department of Veterans Affairs, and for other purposes.
Bill journey · stage 1 of 5
Just introduced
What it doesSummary introduced in senate (Jun 15, 2004)
Amends Federal veterans' benefits law to revise the maximum amount of home loan guaranty available under the home loan guaranty program of the Department of Veterans Affairs, specifically the guaranty of any loan of more than $144,000. Replaces the current formula of the lesser of $60,000 or 25 percent of the loan with the lesser of a certain maximum guaranty amount or 25 percent of the loan.
Defines maximum guaranty amount as the dollar amount equal to 25 percent of the Federal Home Loan Mortgage Corporation (Freddie Mac) conforming loan limit limitation determined under the Federal Home Loan Mortgage Corporation Act for a single-family residence, as adjusted for the year involved.
What just happenedJun 22, 2004
Committee on Veterans' Affairs. Hearings held. Hearings printed: S.Hrg. 108-874.
Who’s behind it
- Introduced in SenateJun 15, 2004
- Jun 22, 2004Committee
Committee on Veterans' Affairs. Hearings held. Hearings printed: S.Hrg. 108-874.
Veterans' Affairs Committee - Jun 15, 2004IntroReferral
Read twice and referred to the Committee on Veterans' Affairs. (text of measure as introduced: CR S6807)
Veterans' Affairs Committee - Jun 15, 2004IntroReferralB00100
Sponsor introductory remarks on measure. (CR S6807)
- Jun 15, 2004IntroReferral10000
Introduced in Senate